Top 3 Key takeaways from Infosys Q3 results

Investors will be keenly watching the IT stocks performance as its performance will determine whether Sensex and NIFTY can deliver a double digit return in 2017 or not.

The top three key highlights from the Q3 earnings for Infosys were: –

Guidance slightly down along with the attrition rate: –

Vishal Sikka revised the revenue guidance from 8-9% to 8.4-8.8% in constant terms for the financial year which translates into a revenue guidance of 7.2-7.6% in dollar terms.

The attrition rates for Infosys declined to 14.9% on a standalone basis and to 18.4% levels on consolidated basis in the October-December quarter. The attrition figures are lower when compared to the quarter ended September 30,2016.

Revenues decline & Net profit jumps: The net profit improved for the quarter even as the revenues dipped.

One of the most important figures in the result announcement, the operating profits
rose to Rs 5,154 cr for the quarter against Rs 5,069 cr QoQ.

Stock View:

Infosys Ltd ended at Rs 975.15, down by Rs 24.9 or 2.49% from its previous closing of Rs 1000.05 on the BSE.

The scrip opened at Rs 1026.35 and touched a high and low of Rs 1045 and Rs 964 respectively. A total of 16904681(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 223986.56 crore.

The BSE group ‘A’ stock of face value Rs 5 touched a 52 week high of Rs 1278 on 03-Jun-2016 and a 52 week low of Rs 900.3 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 1045 and Rs 964 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.57 % and 29.19 % respectively.